Archive for May, 2008
Saturday, May 3rd, 2008
Pablo1709 asked: I've noticed on historic charts that there doesn't seem to be any correlation between home equity loans and HELOCS or mortgage rates. I know HELOCs are usually based off of the prime rate, but what determines how fixed home equity loan rates fluctuate?Martin
Posted in mortgage | Comments Off
Friday, May 2nd, 2008
Dane asked: The recent sub-prime crisis is unlike any faced by the financial system before in one dubious distinction: Its effects are exacerbated by globalization to an unprecedented degree. Recent developments help illustrate exactly how this credit crunch can be differentiated from others, such as the savings and loan scandals ...
Posted in mortgage | Comments Off
Thursday, May 1st, 2008
Todd asked: I understand that when a mortgage is foreclosed the bank or lender holding the mortgage takes a beating. But I figure there must be some types of business that profit in this environment. Does somebody here know any?Richard
Posted in mortgage | 1 Comment »
